Family Practice Joins Ameriprise in Search of More Resources and Support Amid the Pandemic

Rhea-AI Summary

ClearPoint Capital, managing $224 million in assets, has transitioned to Ameriprise Financial (NYSE: AMP) from LPL Financial. Led by veteran advisor Michael Tuell, the team includes his children, Jillian and John Tuell. This move was prompted by pandemic-related disruptions, with Ameriprise offering enhanced client support and resources. Michael highlighted Ameriprise's robust financial planning capabilities and digital experiences for clients. The family is also excited about career development opportunities for Jillian and John as they aim to become licensed advisors in the future.

Positive

• ClearPoint Capital managing $224 million in client assets has joined Ameriprise.
• Ameriprise provides robust resources and support for advisors.
• The move allows for enhanced digital experiences for clients.
• Career development tools are available for aspiring advisors Jillian and John Tuell.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)--ClearPoint Capital, a family wealth management practice managing $224 million in client assets, joined the franchise channel of Ameriprise Financial, Inc. (NYSE: AMP) from LPL Financial. The team is led by 29-year veteran financial advisor Michael Tuell, AIF^® and includes his children, Jillian Tuell, operations manager, and John Tuell, client service manager. The team began exploring their options due to the sudden and persistent disruption caused by the pandemic and found Ameriprise to have the resources and support they were looking for.

“When we moved to working remotely, it became clear that the way we will serve clients in the future was going to change,” said Michael Tuell. “We chose Ameriprise because we were impressed by their client and advisor experience. Ameriprise has robust financial planning capabilities and expansive support to help advisors deliver maximum value to their clients and to their businesses. We are now able to offer clients a best-in-class digital experience so they can see their financial progress anytime.”

In addition, the team felt Ameriprise has the right career development tools to support Jillian Tuell and John Tuell’s ambitions of becoming licensed financial advisors.

“It’s gratifying to work in the business with my family,” said Michael Tuell. “Ameriprise has the resources and personalized training to support my son and daughter as they grow in their careers, which will ultimately help our team serve clients well for decades to come.”

Tuell founded ClearPoint Capital in 2009. Jillian Tuell joined the team in 2017 and John Tuell joined in 2018. They operate two office locations in Bangor and Portland, Maine, and are supported locally by Ameriprise franchise field vice president Jon Jackson.

More than 4,300 financial advisors have joined Ameriprise since 2008.¹ To find out why experienced financial advisors are joining Ameriprise, visit ameriprise.com/why.

About Ameriprise Financial

At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 125 years. With extensive advisory, asset management and insurance capabilities and a nationwide network of approximately 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs. For more information, or to find an Ameriprise financial advisor, visit ameriprise.com.

Ameriprise Financial Services, LLC is an Equal Opportunity Employer.

Ameriprise Financial Services, LLC. Member FINRA and SIPC.

© 2020 Ameriprise Financial, Inc. All rights reserved.

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¹ Company data as of Q2 2020.